The past 3 years had some good crop prices, in a typical grain growing location rents should have gone up. Last year I put prices were crazy high, fuel fertilizer iron.... last year was a struggle to stay in the black.
Next year some costs are lower, but grain prices have fallen as well so looking for a big increase in rent for 2024 is unrealistic.
Now we come to the local factor..... what crops are grown there, what is the quality of your dirt, what is the shape and size of your fields. And what is the demand and supply of farm land.....
We can talk generally, but it comes down to selling or buying a used car. What condition is it, what model is it, does it have the features buyers want.
One used car will sell for $4000, another will sell for $21,000.
Good dirt will always bring good prices. Poor stuff will rise and fall as markets and demand ebb and flow.
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Today's Featured Article - Grain Threshing in the Early 40's - by Jerry D. Coleman. How many of you can sit there and say that you have plowed with a mule? Well I would say not many, but maybe a few. This story is about the day my Grandfather Brown (true name) decided along with my parents to purchase a new Ford tractor. It wasn't really new except to us. The year was about 1967 and my father found a good used Ford 601 tractor to use on the farm instead of "Bob", our old mule. Now my grandfather had had this mule since the mid 40's and he was getting some age on him. S
... [Read Article]
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1964 I-H 140 tractor with cultivators and sidedresser. Starts and runs good. Asking 2650. CALL RON AT 502-319-1952
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